The Luxembourg Stock Exchange has acquired a 10% stake in Origin, a UK fintech startup launched in 2015 whose platform aims to facilitate and digitalise international bond issuances.
It’s the first institutional partner for Origin, LuxSE CEO Robert Scharfe said per our Paperjam colleagues. The strategy should allow the LuxSE a more efficient cross-border listing process and helps up its presence in the UK.
In 2019, Origin had completed 450 operations totalling some €20bn, 85 issuers and hosts about twenty investment banks, although the transactions have been thusfar private between issuers and investors, Paperjam adds. However, the robust platform--used already by over 70 clients across five continents--should ease the process of moving to the stage of listing, LuxSE CFO Pierre Schoonbroodt noted.
The official bell-ringing ceremony will take place at LuxSE on Wednesday afternoon.